Order Routing Disclosure
In accordance with U.S. Securities and Exchange Commission (SEC) Rule 606, UBS Financial Services Inc. is publishing statistical information about our routing practices for non-directed orders in U.S. exchange-listed equity securities and options.
The report is divided into four sections: one for securities listed on the New York Stock Exchange, one for securities listed on The NASDAQ Stock Market, one for securities listed on the NYSE AMEX or regional exchanges and one for exchange listed options. For each section, this report identifies the venues most often selected by UBS Financial Services Inc.; sets forth the percentage of various types of orders routed to the venues; and discusses the material aspects of UBS Financial Service’s relationship with the venues.
You may visit the SEC web site for more information on the Disclosure of Order Execution and Routing Practices, Regulation NMS and interpretative frequently asked questions (Staff Legal Bulletin No. 13A).
Disclosure of Order Routing Information:
If you have any questions regarding the routing of a specific order, please contact your Financial Advisor.
DISCLAIMER OF WARRANTY AND LIMITATION OF LIABILITY
UBS Financial Services Inc. has prepared the data and information (the "Reports") contained herein pursuant to Rules 605 and 606 (formerly Rules 11Ac1-5 and 11Ac1-6) (the "Rules") of the Securities Exchange Act of 1934. The Rules are intended to provide investors with certain information regarding order execution and each broker-dealer's order routing practices.
The Reports are not intended to and do not consider all factors relevant to an analysis of a broker’s best execution and order routing practices. As acknowledged by the Securities and Exchange Commission (the “SEC”), other factors may be relevant to evaluating the quality of order execution, including the (1) size of the order, (2) trading characteristics of the security involved, (3) availability of accurate information affecting choices as to the most favorable market center for execution and the availability of technological aids to process such information, and (4) cost and difficulty associated with achieving an execution in a particular market center. Accordingly, the SEC has stated “the statistical information [contained in the Reports] does not create a reliable basis to address whether any particular broker-dealer failed to obtain the most favorable terms reasonably available under the circumstances for customer orders.”
Although the information contained in the Reports is obtained or compiled from sources that we believe reliable, UBS Financial Services does not guarantee the accuracy, completeness, and timeliness of the Reports or the validity of their use for any particular purpose. UBS Financial Services Inc., its affiliates, directors, officers or employees do not warranty, guarantee or make any representations, or assume any liability to clients of UBS Financial Services Inc. or any third parties, with regard to financial results, including any direct, indirect, consequential, incidental or punitive damages that may arise from (1) the use of the information contained in the Reports, (2) the failure or interruption of this site or (3) any other cause relating to the access, inability to access, or use of the site or these Reports, whether or not the circumstances giving rise to such cause may have been within the control of UBS Financial Services Inc. or any other third party providing support to UBS Financial Services Inc.
The Reports are the property of UBS Financial Services Inc. and may not be redistributed in any form or manner without the prior written consent of UBS Financial Services Inc.
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Wealth management services in the United States are provided by UBS Financial Services Inc., a registered broker-dealer offering securities, trading, brokerage and related products and services. Member SIPC. Member FINRA. UBS Financial Services Inc. is also registered as a Futures Commission Merchant (FCM) with the U.S. Commodity Futures Trading Commission (CFTC) and offers brokerage services related to the execution and clearing of on-exchange futures and options on futures products. Member NFA
Notice for Non-U.S. Investors. Notice for Non-Puerto Rico Investor. Order Routing Disclosure. Statement of Financial Condition. Statement of Financial Condition- UBS FSI of Puerto Rico. Best Execution Statement. Loan Disclosure Statement. Account Sweep Yields. Advisory & Brokerage Services. CFP Board's Trademark Disclaimer. Important Information About Auction Rate Securities (Not for Puerto Rico). Futures Commission Merchant (FCM) Information for UBS Financial Services Inc.